Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

130
Posts
16
Votes
Mike Lynch
  • Shallotte, NC
16
Votes |
130
Posts

Having trouble finding investment properties in my area

Mike Lynch
  • Shallotte, NC
Posted

Well Folks, we have some great news. We closed on a home last week and close on another home that we have been working on for quite a while on May 23rd.

Not so great news: ... There is a huge Real Estate shortage in my area. Realtors are telling me that they have never seen such a shortage. It is so bad that beat up mobile homes with land are now selling for what nice foreclosures were selling for several years ago. I have been running ads on craigslist for several weeks and have not received one response. The websites and newspapers have nothing. People can't find places to rent. I run a small plumbing company and can't really leave the area to flip homes, due to my business.

Funny thing is, when I had no money, there were tons of homes for sale. Now that we finally have some investment money to play with, it is as dry as a bone around here and home prices are on the rise. There seems to be more investors around here than sellers.

Any ideas?

Loading replies...